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K&L Gates LLP

The New UAE Economic Substance Regulations (Updated)

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EXTENSION ANNOUNCED - The Ministry of Finance (MoF) announced on 31 December 2020 the extension of the deadline for submitting the ESR’s notifications and reports. All companies in the UAE that were engaged in any of the...more

K&L Gates LLP

The New UAE Economic Substance Regulations

K&L Gates LLP on

Background - The European Union (EU) has a blacklist of countries that do not meet the EU’s criteria on tax transparency, fair taxation, and the implementation of measures to counteract base erosion of profit shifting (BEPS)....more

Latham & Watkins LLP

DAC 6 Deadline Nears: What Does the Mandatory Disclosure Regime Mean for Taxpayers and Advisers?

Latham & Watkins LLP on

The 31 December deadline for EU Member States to adopt implementing legislation for DAC 6 is fast approaching. Intermediaries and taxpayers must be ready for compliance. By the end of 2019, each Member State of the...more

Proskauer Rose LLP

IRS Offers FATCA Relief, Extending Registration Deadline and Expanding Intergovernmental Agreement List

Proskauer Rose LLP on

On April 2, 2014, the U.S. Internal Revenue Service (IRS) issued Announcement 2014-17 (the Announcement), which provides certain FATCA relief. The Announcement extends from April 25, 2014 to May 5, 2014 the deadline by which...more

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